Selecting the Best Structured Settlement Company

A structured settlement company is an organization that is able to assist both individuals and companies that are currently in receipt of regular structured settlement payments following a court case judgment that has gone in their favor, or else a win on the lottery.

Some of the biggest such companies in the US include Stone Street, America’s Note Buyer, J.G. Wentworth and Novation Capital.

They have purchased thousands of structured settlements in the past, and if the time comes where you need to sell yours, they may be able to assist you too.

What does a structured settlement company do?

Structured settlement companies purchase annuities from individuals and companies at a discounted price, giving the seller instant access to the money that they would otherwise have to wait for.

For example, let’s say that you are a lottery winner, and at the time of your win you thought it would be a good idea to take the winnings payable over a period of ten years. However, two years later you suddenly come into a situation where you need to get your hands on all the winnings at once.

What do you do? You can’t go back on the structured settlement agreement you made, but you can sell it to a company or investor willing to buy it from you.

A structured settlement company will buy your annuity from you, and even though the price they offer will be discounted, the sum they offer will still be highly significant – enough to invest or cover some large expenses that you need to take care of. In cases where you have an urgent need for more cash, a structured settlement buyer can be of invaluable assistance.

Why do structured settlement companies operate?

Such companies exist primarily because they make selling structured settlements beneficial for both parties involved.

The seller gets to cash in on their annuity and gain access to the lump sum of money that they need, while the company itself stands to make money from the transaction, albeit over a long period of time.

One of the reasons structured settlements are so popular is because people know that they can sell the policy later on if they need too, and for this reason these companies can be a blessing.

Which structured settlement company is best?

There are numerous companies that are willing to buyout your structured settlement, and there is no one organization that is significantly better than any of the others.

The choice of which company to sell too will depend on many factors, such as how much they can offer you for your policy, how soon they can finalize the process, and also the companies themselves.

Some have far better reputations than others, and indeed, there are one or two very shady structured settlement companies around that you need to be careful of.

Before choosing a company to sell too, it’s recommended that you employ the services of a structured settlement broker who can assist you with the transaction process while also giving your valuable insights into the company you are dealing with and whether or not their offer is fair.